Both companies were tapped by the U.S. Department of Health and Senior Services to administer vaccinations to the high-priority populations ahead of the general public in order to stem the spread of the virus.
The two retail pharmacy chains announced Wednesday that their COVID-19 vaccine efforts are already underway at skilled nursing facilities, which require a higher acuity of patient care, in 49 states.
The notice comes just after the company announced it was looking to rapidly hire thousands of employees to help administer COVID-19 vaccines following Food and Drug Administration approval.
Walgreens announced that it has teamed up with 35,000 nursing and assisted living facilities nationwide to deliver COVID-19 vaccines, marking a "historic milestone and important step toward ending the pandemic."
Both companies are working quickly to be prepared for when the Food and Drug Administration issues a decision.
CVS is prepared to provide vaccinations in all 50 states, as well as Washington, D.C., and Puerto Rico, based on the prioritization schedule.
CVS was picked by the Department of Health and Human Services to give free doses of an antibody drug to eligible coronavirus patients either in their home or long-term care facilities.
Amazon Pharmacy offers transparency on medication information and prices, home delivery, Prime member discounts and automatic 30-day refills on creams, pills, eye drops, inhalers, and insulin for patients with chronic conditions.
Lynch replaces Larry Merlo, who joined CVS as a pharmacist in 1990 and led the company through major changes.
More than a dozen retail pharmacy chains have agreed to partner with the federal government to serve as Covid-19 vaccination sites under a plan developed by the U.S. Centers for Disease Control and Prevention.
Stores across Philadelphia are closing early Tuesday to prepare for another night of unrest following the shooting of Walter Wallace, a 27-year-old Black man who police say was holding a knife and advancing towards them when they shot and killed him.
The additional 15,000 positions are part of the company's accelerated recruiting effort that it announced earlier this year.
Residents in all types of long-term care facilities will be able to access the vaccine at no charge.
The Trump administration on Friday unveiled a deal with CVS and Walgreens to administer a future coronavirus vaccine to nursing home residents and staff free of cost.
The COVID-19 pandemic is creating new business opportunities for CVS Health as the company expands access to testing and awaits the flu vaccine season and eventual coronavirus vaccine.
The Woonsocket, Rhode Island-based pharmacy health care provider earned $2.99 billion, or an adjusted $2.64 per share.
Walgreens disclosed Monday that some of its stores nationwide were broken into during protests in late May and early June, and that the perpetrators stoles prescriptions and accessed some patient information.
Target announced it would be joining Walmart, CVS Health, Kroger and Walgreens in their search for single-use plastic bag alternatives.
The Woonsocket, Rhode Island-based business is No. 5 on the Fortune 500 list and had $256.8 billion in revenue during its last fiscal year.
CVS and Target already require its store employees to wear face coverings.